Presenting Bank refusing a collection after presentation
Posted: Fri Oct 23, 2009 6:28 am
I'd be interested in your opinion on the responsibilies and any liability on a presenting bank if they have made presentation to the drawee and acknowledged the collection to the remitting bank, but now refuse to handle the collection any further. The collection would be D/A and the draft may or may not have been accepted. Can we insist the bank handles the collection until maturity? or as it is only a collection, can they just return the docs and walk away?